mework (GRADED) Part 1 of 2 sary Props Patty's Patty's Quilt Shoppe sells homemade Amish quilts Patty buys the quilts from local Amish artisans for $230 each, and her shop sets them for $300 each he hopes ses consion of es of ses to her sales staff. Patty leases her country-style shop for $900 per month and pays $2,100 per month in payroll costs in addition to the sales comminsons Pay sa traditional income statement and contribution margin income statement for the mooth Prepare the traditional income statement for the month. Patty's Quilt Shoppe Income Statement For the Month Ended February 28- Sales revenue 36100 Less Cost of goods sold 21850 Gross profit 14.250 Less Operating expenses Lease 900 Payroll costs 2100 Sales commissions 1,444 4444 Operating income CWO